Wednesday, 12 October 2011

Marion Mueller talks to James Turk

Marion Mueller talks to James Turk

Marion Mueller, of oroyfinanzas.com, and James Turk, Director of the GoldMoney Foundation, talk about inflation, fiat currency and the importance of sound money and how it creates a level playing field allowing everyone to participate in economic activity. They talk about the Bundesbank’s Money Museum in Frankfurt and the lessons it teaches about inflation.

They talk about how to educate and spread the message of sound money. They talk about the dire economic situation in Spain, with extremely high youth unemployment and street protests. They also talk about the easy credit times of the housing boom and the tough times ahead. They talk about the need for a new monetary system based on hard money, simple rules and transparency.

Marion explains oroyfinanzas’ international readership from a number of Latin American countries, including Argentina, Mexico, Venezuela, etc. They talk about hyperinflation in Argentina which James visited in 1991 to learn more about inflation. They talk about how despite the amount of gold produced in Latin America there is little appreciation about gold and silver’s monetary role.